INVESTOR ALERT: Investigation of Sanderson Farms, Inc. Announced by Law Offices of Howard G. Smith
November 22 2016 - 11:21AM
Business Wire
Law Offices of Howard G. Smith announces an investigation
on behalf of investors of Sanderson Farms, Inc. (“Sanderson” or the
“Company”) (NASDAQ: SAFM) concerning the Company and its officers’
possible violations of federal securities laws.
Sanderson is an integrated poultry processing company that
produces, processes, markets and distributes fresh, frozen and
prepared chicken products in the United States.
On October 7, 2016, Pivotal Research issued a report downgrading
Sanderson’s peer Tyson Foods, Inc. ("Tyson") to "sell" from "buy,"
primarily due to concerns about a price collusion class action in
the broiler-chicken market that named Tyson and Sanderson as
defendants. According to the complaint, beginning in 2008, Tyson,
Sanderson and other companies in the industry colluded by sharing
proprietary data and reducing production to support prices.
On this news, Sanderson stock fell nearly 7% during intraday
trading on October 7, 2016.
If you purchased Sanderson securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161122005793/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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